Westchester Plaza
Mount Vernon, NY
Investment Highlights
Institutional scale with operational leverage 699 units across four mid/high-rise buildings create rare scale in Westchester, driving efficiency, financing appeal, and strong exit optionality.
Stable cash flow with embedded upside Portfolio is 96.8% occupied with 94.3% rent-stabilized units averaging 38.6% below market, supporting durable occupancy and long-term free-market upside from 36 market-rate units.
Diversified retail income stream The Portfolio includes 11 retail tenants anchored by Foodtown through 2036, alongside neighborhood dining and service operators.
Excellent regional connectivity Near three Metro-North stations with ~25-minute access to Grand Central, plus convenient access to major highways, employment hubs, and regional transit.
Demonstrated value-add potential Ownership has executed unit renovations and capital improvements that support permanent rent growth, with additional MCI upside tied to future building upgrades.
Team
Erik Edeen
James Nelson
Brandon Polakoff